Darkfost
BTC Long term holder are reducing their sells.
The Net Position Change of Long-Term Holders over the past 30 days remains negative, but the trend seems to reverse. After hitting a low of -827k BTC on December 5, when Bitcoin peaked at $97,000, the current value stands at -246k BTC, indicating the amount of Bitcoin potentially sold by LTHs in the last 30 days. This represents a threefold reduction in selling pressure from this category of investors, suggesting that LTHs are becoming less inclined to sell at the current price levels and as Bitcoin’s price continues to decline. To regain bullish momentum, we need to see LTHs net position change returning in accumulation phase, but this is still a positive sign for the market.